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CSPAN
Dec 27, 2012 6:00am EST
. missouri is your equivalent of in greece, a permanent bailout. the thing is, whereas markets are amazing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a balance between deficit and surplus regions. a geographic problem, and intertemporal. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. given that, a failure of the banker is not the same thing as the failure of a clothes maker. suddenly, there are two things that must happen. one, society will demand that banks are not allowed to go to the wall. then bankers are affectively given carte blanche, free money for themselves. and the whole mechanism breaks down like in 2008. it is often said in the eurozone, we made a huge error in europe of binding disparate economies by means of common currency. this is not the fi
PBS
Dec 5, 2012 6:30pm PST
country in europe -- but greece -- puts greece as the most corrupt country in europe. >> germany is mulling over whether to try to outlaw a far- right party accused of stirring up anti-immigrant sentiment. minister >> to go formal step toward banning the national democratic party, -- ministers took a formal step toward banning the national democratic party, the npd. some worry that prohibiting the party could backfire. it could drum up sympathy for the far right. >> the ministers are united in their call for a ban on meat npd. they reviewed extensive -- on the npd. they reviewed extensive documentation before making up their mind. >> i never would have thought they were so anti-democratic or anti-semitic. or so oriented towards violence and so unconstitutional. we have been discussing a ban for 12 years. now we have a lot of material to go on, much more than ever before. >> the ministers will seek to the government's support for the ban. one federal interior minister said they have a good case, but he admits there are risks. >> the danger is that these proceedings could give new lif
KCSMMHZ
Dec 11, 2012 2:00am PST
bonds, should be vigorously pursued and the culprits punished. greece, meanwhile, is still struggling to get back on its feet financially. the country would desperately like to have more tax revenues, but it is not enough to just raise taxes for private households. companies would also need to pay their fair share, and there are greek companies which are still doing well despite the financial crisis. but not all are willing to foot the bill for others. that is why some companies are relocating to switzerland, for instance. >> 66-year-old george moved to switzerland 20 years ago to set up a software company in geneva. he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> ta
PBS
Nov 30, 2012 6:30pm PST
greece from bankruptcy. >> with more and more shoppers seeking out handcrafted and traditional gifts, germany's famous christmas markets struggled to keep up with the demand. tens of thousands of egyptians are out protesting against president morsi at this hour after an islamist-led assembly raced through the approval of a new constitution, a move to end the crisis. >> the document is based on sharia law. critics say it ignores fundamental democratic principles and marginalizes the nation's large christian populations. it has set the stage for conflict in a more increasingly divided nation. >> opponents of the president are outraged at the document adopted by the assembly. protesters are maintaining a vigil, and demonstrations are growing. critics warn that egypt is fast becoming an islamic state. >> hosni mubarak never divided the egyptian people. now, there is president morsi, and we do not know if he is the president of egypt or the president of the muslim brotherhood. >> islamists who dominate the assembly have already answered that question -- the body signed off on all 23
FOX
Dec 24, 2012 4:00am PST
industry in one of the biggest stories of the year. and, why china set up shop in greece at the height of the euro crisis. but first, this "in the know" message. the euro crisis continued to remain a major concern for investors throughout the course of 2012. at the center of it all, greece. the country grappled with a need for bailouts with strings attached in the form of severe budget cuts that sparked protests from the people. however, the financial crisis in europe is providing an opportunity for china. earlier this year, we heard from new york times reporter liz alderman on a chinese shipping company that is making waves in greece. > > how successful has this shipping company, known as cosco, been so far in greece? > > it's an interesting story. this chinese basically state- run shipping company came in here about three years ago in a $500 million deal that ever since then has been a model for the country, because what they did is they bought half of piraeus port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they
PBS
Dec 13, 2012 5:00pm PST
zone nations have agreed to give an additional loan of nearly $45 billion to greece. they say the debt reduction plan is on its way. the loan will be granted as early as next week. at a meeting last month, the euro zone nation ministers agreed in principle on aid for greece after the government carried out austerity and other measures as preconditions for additional loans. at that time they suspended the final decision on loans. they said they needed to determine if greece's bond buy-back program would be effective. at thursday's meeting they endorsed the buy back plan of the depreciated bonds. they will repurchase bonds from the private sector at a third of their face value. the ministers agreed on a separate loan of nearly $20 billion for greece by thend of next march. loans to greece were suspended for the past six months. >> today's decision on the greek package will remove the clouds that are hanging over greece. >> and the greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. investors are still uncertain about the globa
PBS
Dec 12, 2012 5:00pm PST
at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion ofore th bilon eos in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment. prices in new york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dploe ball economy picks up. some analysts say opec could consider cutting output. heres a
MSNBC
Dec 5, 2012 11:00pm PST
real fiscal crisis looks like? check out greece. that's what happens when a country avoids making tough fiscal decisions for too long. >>> a top republican pollster about what went wrong on their side. a lot of information coming here and why if republicans don't change the way they do business they may be on the losing end of elections for years to come. plus, the black helicopter crowd is at it again. republicans in the senate reject a united nations treaty to ban discrimination against the disabled. they say it would allow u.n. officials to come into this country and force home-schooled children into government-run, that is public schools. senator john kerry joins us to cut through the nonsense. >>> also tonight, the simpson's mr. burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clin
PBS
Dec 28, 2012 6:30pm PST
at how the eurozone crisis is making life miserable for greece's rural population. >> but first, here are some other stories making headlines. thousands of sunni muslims are continuing their protests against the iraqi government, demanding the resignation of the prime minister, accusing him of sectarian politics. that's after bodyguards of the sunni finance minister were arrested on terrorism charges last week. >> the president of the central african republic has appealed to france and the u.s. for help against a rebel coalition that has vowed to topple his government. france has declined to intervene against the rebels who have already taken several towns and are now advancing on the capital. >> heavy snow has paralyzed large parts of eastern canada. in montreal, traffic came to a virtual standstill. police are telling people to stay at home, as some areas are expected to receive almost half a year of additional snow. well, we are going to a short break. after we come back, we will look at europe's crisis year 2012. >> we will find out how it will be a year to forget for one of
KCSMMHZ
Dec 3, 2012 2:30pm PST
new plan to save greece. >> welcome back. greece has announced a plan to buy back bonds as part of its effort to reduce its debt load. >> the success of the plan is essential to unlocking the next payment of eight athens, but it is still uncertain whether it will work -- of aid to a thens, but it is still uncertain whether it will work. >> german finance minister wolfgang schaeuble and his french counterpart, pierre moscovici, went in front of parliament. >> things have to move fast. there is no reason to worry. the calculations are realistic. i hope it works. >> there is no plan b. >> the finance ministers brushoff warnings that the programs might not reduce greek debt enough. spain has formally asked for almost 40 billion euros in aid for its troubled banking sector. >> a strong indication that we have been successful in stabilizing the eurozone. spain now leads -- need less than originally assumed. the situation has improved. >> another trouble spot is cyprus. the country needs a bailout of between 10 billion euros and 17 billion euros. officials are waiting for our report on th
PBS
Dec 20, 2012 4:00pm PST
damning report by amnesty international says greece's handling of illegal migrants make it and i were the member of the european union. a senior official at the ministry told the bbc every year around 130,000 people are arrested when they enter the country illegally. we have more in this report. >> greece is a major gateway for migrants from asian and african countries trying to enter the european union. that they are discriminated against is not new but what this report is saying is that the mistreatment they are suffering now is reaching crisis levels. thousands are detained in an appalling conditions or left vulnerable in the streets where racist attacks happened on it almost daily basis. greece is at the front line of the migration challenge. more than 80% of migrants into into the european union and they do go through greece. thousands end up in detention camps and many of those who are not detained spent days and nights waiting to apply for asylum. other recent months, there has been a wave of attacks on immigrants, a number of them being stabbed to death. it is not just the ill
WETA
Dec 28, 2012 6:00pm EST
a good news story. that i would love to, thank you. >>> greece has become the gateway to hundreds of thousands of migrants to enter the country, many of them muslims. athens remains the only eu capital without unofficial moscow. now there are plans to build one next year. will the bankrupt companies -- will the bankrupt country have trouble delivering? >> underground, crowded, a legal, the place of worship for muslims and athens. dozens of these poor rooms serve be a huge community. -- dozens of these prior rooms serve out a huge community. >> we respect all religions, but they did not have the respect of our muslims to provide as a regular, legal mosque for our workshop. >> the shadow of a now distant past. no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the c
PBS
Dec 13, 2012 6:30pm PST
ministers have said yes to releasing more aid to greece. in a 50 billion euros were freed up on thursday for athens -- >> the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad austerity measures. greeks see the reason to believe next year will be any better. >> they may receive the tranche, but it would be spent in a few months. we will soon be asking for more money. i don't see how that will help the economy. >> one minister remains hopeful, consulting with his counterparts on how to get the economy back on its feet. >> we want to work together to organize a support fund to promote economic growth in greece. >> but that would require attracting private investors. to do that, greece must first settle it unpaid bills. >> of the 9 billion euros that greece still owes, we will pay back everything by 2013 in accordance with the troika deal. >> so, for now, greeks can
PBS
Dec 28, 2012 4:00pm PST
would love to, thank you. >>> greece has become the gateway to hundreds of thousands of migrants to enter the country, many of them muslims. athens remains the only eu capital without unofficial moscow. now there are plans to build one next year. will the bankrupt companies -- will the bankrupt country have trouble delivering? >> underground, crowded, a legal, the place of worship for muslims and athens. dozens of these poor rooms serve be a huge community. -- dozens of these prior rooms serve out a huge community. >> we respect all religions, but they did not have the respect of our muslims to provide as a regular, legal mosque for our workshop. >> the shadow of a now distant past. no mosques have been built in athens since christian greece gained independence in 1832, the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek st
LINKTV
Dec 18, 2012 7:00pm PST
netherlands have this rate. before the upgrade, greece's rating had fallen to selective default, which meant it failed to pay on one or more of its obligations. now it was pushed upward to b minus. this shows that greece can meet its financial commitments. i spoke to the fellow at the peterson institute for international economics. >> i think was s&p is catching up to is the improved political goodwill in the rest of the euro area towards the greek economy. yesterday, greece got 34 billion euros as a quid pro quo for having implemented a long list of reforms and fiscal austerity. s&p as saying, we expect this money to continue to flow from up euro area. nd we expect thre greek government to continue to implement economic reforms in the future. >> does this upgrade change anything for grece in rea ?ce ter >> the greek exit from the euro area is an extremely unlikely event, precisely for the reason s&p outlined -- that the euro area has politically decided to keep greece in the euro area. this is not something that will make a big difference in the short term, but because it does not ref
CSPAN
Dec 23, 2012 2:45pm EST
percentage chances that the u.s. will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know, what are the odds? i would, you know, i'm an on the optimist. i would say we will get back to growth. >> kevin? >> the oecd, which is an organization that studies large, developed nations just did a big study to try to identify how big the policy challenges facing the nations around the world are. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need -- which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't just explode is about 3% of gdp. whic
PBS
Dec 30, 2012 1:00pm PST
end, the you chose not to abandon them, but greece continues to have to make drastic cuts, leaving marks that are visible throughout the country, including a long one of the world's most famous routes -- along one of the world's most famous routes. ♪ >> at precisely 42,195 meters long, this is the route that has become the standard for all marathon runners. the course was inspired by a 2500-year old myth, only today it is run on asphalt along with the capital's main roads. this is the bay where it said the lenda battle took place in 490 bc. it marked the first greek victory over the persians. according to legend, the athenian warriors gathered in a phalanx formation and managed to fight off a persian invasion. then a messenger ran the 42- kilometer distance to athens with news of the victory. at the local museum, the marathon's legacy is omnipresent. more modern-day hellenistic heroes have also been demoralize here. for instance, marathon runner who won the first olympic marathon in 1896. >> exactly like the car which they gave to the winner. >> at the eight-kilometer mark, there
LINKTV
Dec 30, 2012 4:00pm PST
number have made their way to greece. this report from lesbos just off the coast of turkey. >> the immigrants who wash ashore on the greek islands are now struggling with their first european winter. they are somalis, afghanistan annies, and, increates -- increasingly, syrians. all at a camp run by volunteers who provide food and shelter the this is ahmed, who has just arrived from aleppo with a vague plan to find his brothner athens. >> our life is destroyed in syria. we cannot stay in syria. the war airplanes float in the sky and bombing the houses, we cannot stay in syria. >> the turkish mainland is not far behind me. it's not far away but the journey is very dangerous. the boats supplied by people smugglers are often old and in bad condition, and at this time be year the seas could be very rough. not everyone makes it across. these were afghanis. more than 20 drowned. here is the only survivor, who was fished half-dead and freezing cold out of the sea by greek coast guards. now trying to call friends and family to tell them he's alive. but there is no answer. he's receiving cou
PBS
Dec 18, 2012 5:00pm PST
& poor's has upgraded greece's sovereign credit rating by six notches. the ratings agency cited the country's commitment to debt reduction and monetary injections by international lenders. s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this month at prices lower than the face value. s&p officials praised the euro zone members' decision to provide greece with financial support. they say the upgrade reflects s&p's view that greece's neighbors are serious about keeping the country in the eurozone. >>> back here in japan the trade deficit came to about $11.3 billion in november, posting a red for a fifth month in a row. finance ministry officials say the figure is a record high for november. that's the third highest level since comparable records became available back in 1979. exports fell by 4.1% from a year earlier in yen terms. exports have fallen si
CSPAN
Dec 31, 2012 12:00am EST
why haven't the british like say the people of greece or spain taken to the streets? to discuss this i'm joined by ian beg who is a research fellow at the london school of economics. so professor beg, we hear talk this being the worst recession since the second world war. is it? >> it's been a long recession and it's very slow to see any kind of recovery. but it's also worth remembering statistically although being one of the worst in the last century, we actually today are as well off as in 2006. we've only gone back by a few steps. >> is it simply a case that it feels like the worst recession that anyone can remember? >> it's the fact that it hasn't gone to a recovery phase. tore used to in a recession have a deep downturn followed bay quite rapid recovery. it takes longer to readdress individual positions in their debt. and that means that it lasts much longer than everybody expects because everybody tries to save. >> so if things aren't very bleak across europe, why is it that in some countries as in greece and in spain we've seen the protest? >> i put greece out on its own becau
FOX Business
Dec 8, 2012 12:00am EST
constitution could be delayed. we've got the latest. greece's debt crisis turns its hospitals into virtual ses pools. how it is spawning health disaster that could reach far beyond its borders. piles of money coming up. ♪ . melissa: now onto the middle east. the pressure not letting up for egyptian predent mohammed morsi. reports say he is ready to postpone the scheduled vote on the new constitution which would cement his sweeping powers. earlier today protesters broke through the barriers around the presidential palace. police fired tear gas at a crowd of almost 1000 people out seed cairo tv studios. we have a fox news contributor, specializing in middleeast counterterrorism affairs. lisa, it looks like things are getting more out of control all the time. people keep saying ts is going to calm down. what is your, what is your take on it? >> well, as long as moi's factions, the muslim brotherhood will remain steadfast in a power grab d maintaining their agenda, the people, opposition saying this is not what we fought for the company will remain in perpetual revolutionary mode. th
PBS
Dec 28, 2012 12:00am PST
end of 2013 greece would have a worse depression than the great depression in the u.s. >> brown: a player in campaign politics, but what of the current debt debate? we talk with tea party ally, matt kibbe. >> warner: and as e.p.a. chief lisa jackson steps down, we assess the track record of the administration's environmental agency. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: five days and counting with plenty of tit-for- tat charges, but no agreement in sight. that, in short, summed up the state of affairs in washington today as the fiscal cliff deadli
PBS
Dec 27, 2012 6:00pm PST
from russia; the impact of austerity in greece; the tea party and the fiscal cliff and the administration's environmental record. but first, the other news of the day. here's kwame holman. >> holman: wall street was down much of the day, but trimmed its losses after news that the house will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the labor department reported the number of new claims for unemployment benefits fell this week to the lowest level since march of 2008. president obama is urging dockworkers and shippers to avoid a crippling strike at atlantic and gulf coast ports. it would be the first since 1977. the workers' union contract expires this weekend, and a white house spokesman said today the two sides need to agree on a contract extension as soon as possible. talks broke down last week in a dispute over wages and royalties. the christmas season storm that blasted the south and midwest swept across the upper northeast and
PBS
Dec 26, 2012 12:00am PST
local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls for calm in the troubled corners of the globe. thousands of the faithful greeted pope benedict xvi today at his cal bony overlooking st. peter's square. i
CNN
Dec 12, 2012 12:00am PST
this country together to stop us from becoming greece. >> yes. >> man up, barack obama. strong words. >> he has a chance to be an historic president. what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57,
CSPAN
Dec 29, 2012 10:30am EST
, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in may of 2010. try to imagine yourself in a job that you've kept in which the money you get every week is 40% less. police, fire, school teachers, social workers, you name it. .. governments in france and germany have been very frightened since they too are facing an economic crisis and they too are trying to solve it by making demands of their people to pay for something we come in to. they have chosen to use a very dangerous strategy particularly warm germany and the strategy goes like this. we the government are your friends, you the german working-class, because we are not going to allow you to be made to pay for those lazy southern european people in greece,
PBS
Dec 3, 2012 7:00pm PST
region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans to greece when they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net lo
CSPAN
Dec 27, 2012 5:00pm EST
, for instance. greece therefore is the sick person europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungovernable state. you have congress, the president canceling each other out. how the president -- whoever the president might be -- do anything? you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and that meant more consumers. so, then, that led to a lot of things ecologically that were not good for the earth's, thing
LINKTV
Dec 30, 2012 5:30am PST
hope. >> thousands fleeing are going to greece. >> the emigrants' washing ashore are now struggling with their first european winter. they are from somalia, afghanistan, increasingly syrian. all on a camp that is run by volunteers to provide food and shelter. he has just arrived from aleppo with a vague plan to find his brother in athens. >> our live was assured in syria. we cannot stay in syria. there were bombs attacking the houses. we cannot stay in syria. >> this is where many people cross over to the greek island from turkey. it is seen in the distance behind me. it is not far away, but the journey is dangerous. the boats used are often in battered conditions and at this time of year, the seas can be very rough. not everyone makes it across. more than 20 drowned from this group and here is the only survivor who was finished half dead out of the sea by the greek coastguard. they're now trying to call friends and family to tell them he is alive. he is receiving counseling, but he seems very confused about what to do next. meanwhile, more and more syrians are arriving in athens wh
FOX Business
Dec 16, 2012 9:30am EST
. if the organizations were the books of the u.s. government it uld make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. butome things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always k
KCSMMHZ
Dec 7, 2012 2:30pm PST
months. >> thanks for joining us. another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might
CNBC
Dec 21, 2012 4:00am EST
believes there are any reasons to be optimistic about greece. >>> and whether volatility triggered by uncertainty over the fiscal cliff should be hear to stay. the fiscal cliff seems to be here to stay, at least. house speaker john boehner has scrapped the deal on plan b. boehner conceded last night he didn't have enough support from republicans to pass the bill which would raise taxes on households making more than $1 is million a year. the house is now in recess until the end of the year. the white house says the president's main priority now is to ensure taxes goes go up for 98% of americans and 97% of small businesses. for more on the tax, we're joined. talk about the cliff. you wake up to the news this morning. what do you make of it? what do you do now? >> i guess what's happening is there is more idealogical battling going on in the republican party than maybe was obvious a little while ago. our baseline view is they will strike a deal either down to the wire or early next year. growth next year will be quite weak. it has to be said that there is a tail risk that is substant
FOX Business
Dec 16, 2012 1:30am EST
accountability. if the organizations were the books of the u.s. government it would make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. but some things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always
NBC
Dec 9, 2012 11:00am EST
the cliff and later on, what do we face in this country? >> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal with entitlement reform now, if you don't say to people under 50, things are going to be different, what happens is you get to the point where you're in greece and you tell an 85-year-old, you used to get $150 euros a month and now you're not. chris: the medicine is the cure. >> the comparisons between the united states and greece which republicans like to make are so wildly -- chris: what is the apt comparison if this country doesn't get its act together? >> the united states really is unique. we are still the world's store -- chris: can we bank on the fact that we're the currency of the world and we can keep running enormous deficits? >> we have the ability to issue debt in our own currency and make it credibility. nobody else can do that and people keep buying it. two more quick points, chris, about this what we are seeing now. first, the president has taken leadership of his own party, so
CNBC
Dec 18, 2012 12:00pm EST
where are we going? >> greece has been upgraded by a rating agency, scott. s&p has upgraded to b from b minus because of a commitment to keep greece within the eurozone and to keep funding them. it's something that we haven't seen in years, maybe decades. greece has now been upgraded when it comes to their outstanding bonds. back to you. >> the euro is getting a bump. it the highs of the day. 132 euro dollar. >> the s&p is believing that there is a strong commitment to keep doing what it takes to keep them in, whether it's cutting the interest rate, he can tending the maturities, et cetera, that that could lead to more stability in the eurozone. >> michelle, thank you very much with that important news on greece. let's get back to our discussion the indicates is being made for and against oracle. >> i'm not going to taint oracle because of hewlett-packard's misstep after misstep after misstep. extremely disciplined. they are strategic in terms of the acquisitions that they make. and 50 or 100 times, and 36 billion to 37 billion and expecting for 2013, 38 billion. if they miss an
FOX Business
Dec 7, 2012 5:00pm EST
there's word that a crucial vote on egypt's constitution could be delayed. we've got the latest. greece's debt crisis turns its hospitals into virtual ses pools. how it is spawning health disaster that could reach far beyond its borders. piles of money coming up. ♪ . [ abdul-raid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ music is a universal language. but when i was in an accent... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i neverissed a beat. we're more than 78,000 people lookingut for more than 70 million americans. that's health in numbers. unitedhealthcare. melissa: now onto the middle east. the pressure not letting up for egyptian president mohammed morsi. reports say he i
PBS
Dec 25, 2012 3:00pm PST
widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbs on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today at the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bloodshed in syria. in central asia, a military plane crashed early this morning in kazakhstan killing 27 people including the country's head of border security. the russian-made aircr
CNBC
Dec 19, 2012 4:00am EST
the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have been focusing on the strength of the euro. as we're over the 1.32 level you mentioned, certainly member countries would like to see a weaker currency. but as long as the surveys hold consistent with strength in the german economy, we're not likely to see that weakening. >> no. absolutely. and the more we get over the entire question will the euro break up or not, as long as that happens we will have some more support in the euro which is not bad if you think about the quantitative easing we've seen in the eurozone and also inflation. that could be the counterpart of the equation, that we still have money being pumped into the economies wheroe ouausterity is going on. we have a little pullback possibly going forward when it comes to the euro. then again, if
CSPAN
Dec 31, 2012 12:00am EST
-- >> yeah, the british will get 90% of greece. the russians get 90% of bulgaria, and hungary, and divide it up that way. it was pretty cynical. but when roosevelt dies, in april of '45, his last telegram to churchill was, we always have these minor disafremonts with the russians about we end up resolving them so let's not make a big deal. no reason we can't maintain friendship after the war. when truman gets in there in 1945, april 12, he immediately takes a different course. roosevelt's alliance with the wartime alliance with the soviets was still very strong at that point. but truman turns to advisers who roosevelt never trusted in the first place, didn't pay any heed to, people like burns. the second day of the 13th -- burns in south carolina, a private plane, and as -- burns gives them same message, the soviets are break all their agreements. they cannot trusted, and within two weeks the u.s. policy tornado the soviet union is going to change in april of 1945. by the time there's that big meeting on april 23rd with molotov and april 23rd, the united states changed course, and so at that
MSNBC
Dec 24, 2012 11:00am PST
from becoming greece and save social security and medicare and to anybody listening to this program, i'll raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. >> prevent this country from becoming greece. what is your reaction to that? >> absolute and utter nonsense. this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they have done it before. >> they have. >> and will do it again. >> frankly, that is obnoxious beyond belief. the president should not concede or negotiate on that basis at all. >> the president is adamant on the fact that's not a part of this conversation. >> it
CNBC
Dec 24, 2012 5:00am EST
becoming greece. no more borrowing without addressing why we're in debt to begin with. that's where the real chance for change occurs, at the debt ceiling debate. >> we're joined now by ralph sill voe. it's christmas eve. do you have some plans to do? >> it's an austerity christmas, actually. just a couple friends getting together and a couple of friends getting together and having a nice meal. >> it is not an austerity christmas. >> it actually is. we haven't had the greatest year. everything we hoped would happen. we thought this economy was going to turn around at the summer period. >> ralph, if you take a look at the stock market concerns, the dax is up 20%. >> there will be plenty of alcohol to forget. >> do you think we're going to manage to see some type of a resolution on the fiscal cliff? we're seeing a lot of finger pointing now and hearing from both sides saying it's in the other side's interest to delay these negotiations. >> i've had conversations with people in new york and working on trade floors. what i've been told by them is there is a huge number of meetings going on
MSNBC
Dec 11, 2012 2:30am PST
anybody else before fixing the country and preventing it from becoming greece. the game you're talking about is small ball. you're talking about raising the ceiling for 11 days. how about doing something big these not liberal. every idea is a liberal idea. how about manning up, mr. president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page, facebook, draft colbert website. i can tell you having done a show with him in charleston, he's an absolute rock star in that state. >> yes, i am a rock star in south carolina and not just because i ended my rally there with herman cain by biting the head off a dove. now, my network contract prohibits me from taking on another full-time
FOX Business
Dec 9, 2012 8:00am EST
economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were for pouring more money into the compli with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> driving a smart car. >> and we did a survey of 1500 small business peo
PBS
Dec 19, 2012 1:00am PST
. some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 points, the nasdaq gained almost 44, and the s&p added 16. our next guest says any reasonable fiscal cliff deal is better than no deal. he's robert doll, chief equity strategist and senior portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the
LINKTV
Dec 31, 2012 5:30am PST
greece to the amazing olympics of london, as the year draws to a close, we'll look back at 2012 and some of the event that changed our world. -- event that changed our world -- events that changed our world. >> that was scary, wasn't it? >> that was scary. >> welcome to syria. >> a farmer goes hungry so his children can eat. they only get one soon, so each must wait his turn. -- one spoon, so each must wait his turn. >> for the spiders, the liberation has always been their ultimate goal. -- these fighters, the liberation has always been their ultimate goal. >> week meet members of the country's newest rebel army, known as -- we meet members of the country's newest rebel army, known as m23. this is their main base, about 5 kilometers away. >> some of the most isolated communities and tributaries provide the most surprises. the population of the village is 208. we're reminded that environmental decisions made today can impact the next generation. >> we did find some significant [inaudible] >> ♪ ["gangnam style" playing] ♪ >> these kinds of protests show how the greek government is
KCSMMHZ
Dec 18, 2012 2:30pm PST
permitted to catch how much fish will be discussed in brussels until thursday. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue installment of over 34 billion euros international aid on monday. lenders are concerned about growing political resistance to implement needed reforms. public-sector workers are calling for strikes on wednesday to protest. and the international monetary fund, which is also part of the troika of lenders to greece, has released 890 million euros in fresh bailout funds to ireland. the imf says the country is making good progress under its own two-year rescue program. >> ireland is proceeding with reforms to lower its deficit in spite of a slowdown in economic growth. the imf expects ireland's deficit to come under targets. in spite of calls to boost social spending in response to high unempl
MSNBC
Dec 7, 2012 2:00am PST
nothing to calm political crisis. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed
PBS
Dec 1, 2012 1:00am PST
stores there too. >> susie: greece is one step closer to getting $57 billion in bailout loans. german lawmakers approved the deal reached earlier this week. greece agreed to measures that will drastically reduce its debt over the next seven years. european stock markets and the euro rose on the news. here on wall street, tom, a neutral day on most people here, investors here feeling anxious over the gridlock on the fiscal cliff. the last day of trading for november kind of wimped out. >> tom: yeah, not a lot of price action. lots of volume, though, to end the nth, lots of trading volume, but not a lot of price movement here. let's go ahead and take a look at the market focus with the major indices this friday. the major stock indices ended essentially unchanged today even with the rhetoric out of washington. the s&p 500 spent most of the session in the red after the disappointing drop in consumer spending. the index finished with a fractional gain. trading volume spiked at the end of the month. 1.2 billion shares on the big board. just under 2.2 billion on the nasdaq. two traditional
NBC
Dec 7, 2012 4:30am EST
political crisis. >>> while in greece they held off protesters launching molotov cocktails. >>> the president is taking the fiscal cliff solution to the people. plus, a modern day five story ripped through the pages of a tom clancey novel. "early today" starts right now. >> announcer: this is "early today" for friday, december 7th, 2012. >>> good mornings,er one. i'm lynn berry. we're going to start with breaking news out of japan. a strong 7.3 earthquake has struck off the country's northeast coast beneath the sea bed. it shook buildings as far as tokyo and warnings were issued for miyagi prefecture. there's no risk for a widespread tsunami. we'll bring you the very latest. >>> elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capitol, this time in response to a political explosive power grab by the president, mohammed morsi. right now army tanks surround the presidential palace as thousands of protesters shout topple the regime, the same chant heard during the regime of hosni mubarak. in a tv show morsi said absolute powers he granted himsel
FOX Business
Dec 18, 2012 9:20am EST
♪ ♪ ♪ ♪ imus in the morning ♪ >> you won't believe how bad things are in greece, but believe this, they are getting their bailout money. it came through today. good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to begin. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> we have breaking news right now on the debate within the republican party about the fiscal cliff deal. rich edson has what, what is being discussed here, what is the latest, rich? >> a plan b on t
LINKTV
Dec 19, 2012 5:30am PST
you very much, harry. greece is bracing for more public-sector strikes against government austerity measures. the rail system has ground to a halt. but there has been good news. rating agency standard and poor's upgraded greece's standing, making it much easier to borrow money in international markets. it is the second-biggest fine levied on a bank. switzerland that the ubs agreed to pay $1.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion o
CBS
Dec 28, 2012 5:00pm EST
i would love to, thank you. >>> greece has become the gateway to hundreds of thousands of migrants to enter the country, many of them muslims. athens remains the only eu capital without unofficial moscow. now there are plans to build one next year. will the bankrupt companies -- will the bankrupt country have trouble delivering? >> underground crowded, a legal, the place of worship for muslims and athens. dozens of these poor rooms serve be a huge community. -- dozens of these prior rooms serve out a huge community. >> we respect all religions but they did not have the respect of our muslims to provide as a regular, legal mosque for our workshop. >> the shadow of a now distant past. no mosques have been built in athens since christian greece gained independence in 1832 the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek st
PBS
Dec 19, 2012 6:30pm PST
for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia have been able to get a glimpse of a spectacular eruption in siberia. it
CNBC
Dec 3, 2012 9:00am EST
good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on boar
CSPAN
Dec 26, 2012 8:00pm EST
greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on page, it is really about opportunities for people. whether you will be able to send your kid to school, to college, whether it will be able to buy a car, my house, whether we will have economic opportunity for the people of the country. the best academic research that has been done shows that if a country's debt gets too large in relationship to the size of its economy, the economy does not grow as fast. opportunity is lost. jobs are lost. so there is a similarity with what is happening in europe and what could happen here if we don't get our house in order. >> you talked about a single- minded focus, yet you are leav
CNBC
Dec 28, 2012 4:00am EST
didn't get. see if you can do better. it wouldn't take much. >>> greece's national bank euro bank alfa and perez says they need the money following disclosures by the lenders last week. greece is concerned that the 50 billion euros set aside for bank recapitalization will be enough to cover the shortfall. >>> and the italian treasury is holding its last debt sale of the year. traders are expecting to see solid demand for the paper after rome placed nearly 12 billion euros of shorted dated paper just yesterday. still, they warn investors could become more discerning in the new year especially as the italian electric tore ral race on thursday. italy expects to raise around 10 billion euros next year. less supply. we know there's still plenty of investor demand and no sign necessarily of re-ignited concern about the longer term health of these -- you could call them peripheral economies. >> no. things have really improved. it's all still down to the ecb's pledge to support these countries if they fulfill the conditions. especially in the case of italy. the country is fulfilling condi
FOX News
Dec 10, 2012 11:00pm PST
. here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ ♪ ♪ >> greg: we're going to hell. the korean pop star performed at christmas in washington last night. joe biden took a picture with him thinking he's obama. he is the guy behind g
FOX News
Dec 14, 2012 12:00am PST
christmas play is a play. one of my favorite times in school. greece, we did greece in the -- grease, we did greece -- grease in my class. and i was kinicki. >> can you do that? >> i need the wig. >> i played rizzo and i didn't need the wig of the. >> you're welcome. >> patrick, i didn't really understand or agree with your argument, you said something about because joe success was a historical figure. but that has nothing to do with what christmas celebrates. it is celebrating the birth of the son of god. >> but the point is, there is a historically relevant component to that for nonchristians. people who do not claim to be christians or are not christians their eyes will not burn out of their head by watching something that does that. >> jesus in a manger. >> but the entire point of christmas is that jesus is the son of god. it is not that he was a man. >> the point of christmas, jesus the son of god was born that day. >> right, exactly. the son of god. i'm confused. >> you are trying to have a fight about jesus christ. >> i am not having a fight about it. i think it is disingenera
CNBC
Dec 4, 2012 4:00am EST
where -- i don't know if i want to talk about greece or not, whether i want to dive straight into the banking union and what chance have we possibly got of getting agreement. >> let's talk about greece, much more fun. no, greece we have to get out of the way. is the debt by back program going to be successful, everyone nds it will. we know that's the one little lynchpin on which everything else rests. so if it's not, the money will not flow, but everybody insists as when he headed into the euro group meeting yesterday that it will be successful. that's also what what we hear from the greeks. there's a bit of arm fwising, but it will probably go through. and then lo and behold ahead of the actual summit in the morning, they can sign up the check for the next greek installment also we hope. we're also closer to a little rescue package for cypress. spanish aid package for the banks is on track. so that was the working list last night. another thing on the to-do list. the head of the euro group confirmed last night that, no, i will not extend anything now, i will definitely leave as head
FOX News
Dec 8, 2012 3:00pm PST
. both sides warning they may go the way of greece. taking away two different lessons. who has it right? our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? i had[ designer ]eeling enough of just covering up day! my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide cl
ABC
Dec 9, 2012 9:00am EST
mean, let's look at greece, greece has been very adept at increasing their debt ceiling. now they have 25% unemployment. there are people who can't even finds jobs in cities are having to move out according to press reports to rural areas. that could be our future. as tom said, if you gave the president every job forming tax increase that he's asked for, it's about 3% of the spending. and the president himself has said that the drivers of our debt are medicare, medicaid and health care. nothing else comes close. >> congresswoman stabenow pointed out -- >> you have to deal with the structural reforms to our entitlement spending. protecting current seniors but helping to insure my 10-year-old daughter and 9-year-old son that these programs are around for them. >> medicare savings, lot of republicans not you but a lot of republicans in the last campaign including mitt romney ran against. >> well, george, first of all, the $700 billion in savings doesn't save the government a penny, it takes that and spends it on other people. what -- it's really important that people look. the government
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